SGD raises ~$8.2M via convertible preferred and warrants; authorized shares increased to 500M

RenX Enterprises Corp.

• Net proceeds of ~$8.175M from private placement of 360,000 Series B Convertible Preferred shares at $25/unit.
• Each unit includes a warrant to buy ~6.6M common shares at $1.36; conversion and exercise subject to shareholder approval.
• Conversion price adjustable with floor of $0.242; full conversion at floor could issue up to 37.2M common shares.
• Authorized common shares increased from 100M to 500M via amendment filed on October 16, 2025.
• Proceeds intended for Myakka City expansion, debt reduction, and working capital; 9% dividend on preferred.